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Prices and information under imperfect competition
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UNSPECIFIED (1999) Prices and information under imperfect competition. SCOTTISH JOURNAL OF POLITICAL ECONOMY, 46 (3). pp. 245-259. ISSN 0036-9292
Full text not available from this repository.Abstract
Imperfectly competitive product markets cannot be informationally efficient as private information has strategic implications interfering with price adjustment. This is illustrated in a duopoly model with sequential price setting where private information either leads to prices not being adjusted to all available information or to adjusted but biased prices.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions J Political Science > JA Political science (General) |
| Journal or Publication Title: | SCOTTISH JOURNAL OF POLITICAL ECONOMY |
| Publisher: | BLACKWELL PUBL LTD |
| ISSN: | 0036-9292 |
| Date: | August 1999 |
| Volume: | 46 |
| Number: | 3 |
| Number of Pages: | 15 |
| Page Range: | pp. 245-259 |
| Publication Status: | Published |
| URI: | http://wrap.warwick.ac.uk/id/eprint/14223 |
Data sourced from Thomson Reuters' Web of Knowledge
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